JPMorgan Embraces Bitcoin: A Watershed Moment for Cryptocurrency Adoption
In a landmark decision, JPMorgan Chase & Co. has announced it will allow wealth management clients to invest in Bitcoin, marking a dramatic shift in its cryptocurrency policy. Despite CEO Jamie Dimon's personal skepticism, the bank is prioritizing client demand, signaling growing institutional acceptance of digital assets. This move, revealed during JPMorgan's 2025 Investor Day, could accelerate mainstream Bitcoin adoption and influence price trajectories.
JPMorgan to Let Clients Buy Bitcoin, Marking Dramatic Policy Shift
JPMorgan Chase & Co. will begin allowing its wealth management clients to buy Bitcoin, signaling a stark reversal from its longstanding skepticism toward cryptocurrencies. The move, announced during the bank's 2025 Investor Day, comes despite CEO Jamie Dimon's personal reservations about the digital asset.
Dimon reiterated his skepticism but emphasized the bank's commitment to serving client demand. JPMorgan will not provide custody services, requiring clients to use third-party providers for storage. This cautious approach reflects the bank's attempt to balance institutional risk with growing market interest.
The policy shift marks a notable departure for Wall Street's largest bank, which once labeled Bitcoin a "fraud" and threatened to fire employees trading cryptocurrencies. Institutional adoption continues gaining momentum, with traditional finance increasingly accommodating digital assets.
Bitcoin-Stealing Malware Discovered in Chinese Printer Driver
A compromised printer driver distributed by Procolored has been identified as containing malware capable of hijacking bitcoin transactions. The infected driver, initially transferred via USB flash drive, was later uploaded to the company's servers for user downloads. While the origin remains unclear, cybersecurity experts suspect third-party involvement—a common practice among Chinese hardware manufacturers outsourcing software development.
Yu Xian, founder of SlowMist, uncovered the malware's operation: the driver's code intercepts cryptocurrency wallet addresses copied to clipboards, enabling unauthorized fund diversion. This incident highlights growing security vulnerabilities in peripheral device software chains, particularly affecting BTC users.
Metaplanet Expands Bitcoin Treasury with $104.3 Million Purchase
Metaplanet Inc. has bolstered its Bitcoin holdings by acquiring an additional 1,004 BTC for $104.3 million, averaging $103,873 per coin. The Japanese firm's total Bitcoin treasury now stands at 7,800 BTC, valued at over $712 million.
The MOVE underscores Metaplanet's commitment to corporate Bitcoin adoption, following its recent issuance of $15 million in zero-interest bonds earmarked for BTC purchases. This strategic accumulation mirrors MicroStrategy's approach, which is also expected to announce a fresh Bitcoin acquisition today.
Analysts Debate Bitcoin's Long-Term Profitability as Growth Rates Decline
Bitcoin's era of triple-digit returns may be fading, according to analyst Willy Woo. His analysis shows BTC's compound annual growth rate (CAGR) has plummeted from over 100% during the 2017 bull run to 30-40% post-2020, coinciding with institutional adoption by corporations and governments.
"People think BTC is like a magical unicorn that climbs to infinity on moonbeams. Here's the actual CAGR chart. We are well past the 2017 year where we'd see many 100s of percent growth," WOO stated, sharing a chart tracking Bitcoin's annualized returns. The analyst projects further declines to approximately 8% over the next two decades as the asset matures.
On-Chain Oscillator Shows Bitcoin Far From Cycle Peak – Can BTC Push Above ATH?
Bitcoin experienced a turbulent Sunday, surging to $107,000 before retracing sharply to $102,000 within hours. This volatility shocked investors anticipating a steady breakout beyond its all-time high NEAR $109,000.
Despite the pullback, on-chain metrics suggest underlying strength. CryptoQuant's Bitcoin Heat Macro Phase Model reads 0.41—well below the 0.70 threshold signaling overheated conditions. The data indicates room for growth before entering late-cycle distribution territory.
Crypto Products See $785M Inflows as Strategy Acquires 7,390 BTC Amid Legal Scrutiny
Crypto investment products recorded $785 million in inflows last week, marking the fifth consecutive week of positive momentum. Year-to-date inflows now stand at $7.5 billion, signaling robust institutional demand for digital asset exposure.
Strategy made headlines with its $764.9 million Bitcoin purchase, adding 7,390 BTC to its treasury. The acquisition boosts the firm's holdings to 576,230 BTC, even as executives face litigation alleging misleading disclosures about Bitcoin investment strategies.